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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,210 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,606 | $72,639-59.2% | $90,766-67.4% | $66,949-55.8% |
| Participation rate | 14.9% | 73.7%-58.7pp | 75.7%-60.8pp | 69.8%-54.9pp |
| Annual return | -19.20% | -12.28%-6.9pp | -12.16%-7.0pp | 1.57%-20.8pp |
| Employer contribution / active EE | $0 | $2,369-100.0% | $2,922-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $707 | $3,979-82.2% | $4,565-84.5% | $4,239-83.3% |
| Admin fee / account holder | $438 | $708-38.2% | $8,446-94.8% | $594-26.3% |